Quote:
Originally Posted by redangel7861
I cancelled my reservation in Athena Golf - Saidia today and opted instead to go for a five star development in Hurghada, Egypt.
I've already purchased in Marrakech (Atlas Golf), but decided against a second property in Morocco as I did'nt want to put my eggs in one basket. The increase in TVA, the falling pound against the MAD has made investing in Morocco less desirable, especially in a super resort that will take between 5-8 years to establish itself.
Don't get me wrong, Saidia will be great when finished but to get decent returns on this development will take time. In the mean time there are much better investment opportunities in other countries offering much better value for money.
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Totally agree that Morocco will take 5-8 years to become established and a small investment will become very beneficial.
Can you let me know which development in Egypt you are looking at.
Thanks